Oil news

Bolivia Assures Investors It Will Keep Existing Lithium and Energy Contracts

Oil news - Mon, 01/19/2026 - 17:30
Bolivia’s new leadership has pledged it would keep its existing lithium and oil and gas contracts, even those awarded to Russia and China under the previous leftist ruling, as La Paz looks to reassure investors that the signed deals would be respected.  “Our contracts will be respected,” Bolivian Energy Minister Mauricio Medinaceli told Reuters, including deals signed by the previous government with Russia and China.  Bolivia is estimated to hold more than a fifth of global lithium reserves.  This pledge is a “first…
Categories: Oil news

Bolivia Assures Investors It Will Keep Existing Lithium and Energy Contracts

Oil news - Mon, 01/19/2026 - 17:30
Bolivia’s new leadership has pledged it would keep its existing lithium and oil and gas contracts, even those awarded to Russia and China under the previous leftist ruling, as La Paz looks to reassure investors that the signed deals would be respected.  “Our contracts will be respected,” Bolivian Energy Minister Mauricio Medinaceli told Reuters, including deals signed by the previous government with Russia and China.  Bolivia is estimated to hold more than a fifth of global lithium reserves.  This pledge is a “first…
Categories: Oil news

Indian Refiner MRPL Shifts from Russian to Venezuelan Oil Supply

Oil news - Mon, 01/19/2026 - 16:30
Indian state-run Mangalore Refinery and Petrochemicals Limited (MRPL) is exploring potential purchases of crude from Venezuela after stopping imports of Russian oil, a top official at the refiner said on Monday.  “We are in strict compliance with all sanctions in place and currently there is no Russian crude being imported,” MRPL’s head of finance Devendra Kumar said on a call with analysts, as carried by Reuters.  Many Indian refiners have either halted or significantly reduced imports of Russian crude oil after the…
Categories: Oil news

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